Market Intelligence Report — IL-837

Ottawa, IL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IL-07
As of the latest 2026 data
Accelerated

Median Listing

$221K
+0.2% YoY

Pending Ratio

0.62
-1.4% YoY

Active Inventory

330
+18.3% YoY

Median DOM

47 Days
-1.1% YoY

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The Ottawa, IL market is currently classified as Accelerated, with a pending ratio of 0.62 indicating a significant absorption of available inventory. This condition is observed despite an 18.3% year-over-year increase in active listings, suggesting robust demand. The median listing price has shown marginal stability with a 0.2% year-over-year increase.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Ottawa market right now.

Active listings have expanded considerably, up 18.3% over the past year, complemented by a substantial 30.1% rise in new listings. Despite this growth in supply, the pending ratio of 0.62 reflects strong absorption dynamics. Median listing price registered a modest 0.2% increase year-over-year, while the median days on market saw a slight reduction of 1.1% over the same period. The price-reduced share saw a slight increase of 0.8% year-over-year, indicating some price adjustments.

Historical Analysis

Market Trends

Median Price

$221K-0.1% MoM

Active Inventory

330+18.3% YoY

Days on Market

47-1.1% YoY

Sold Score™

63-1.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

63
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

In this Accelerated market, the strong absorption reflected by the pending ratio of 0.62 suggests that properties are moving at a relatively quick pace. The increasing inventory, particularly new listings, provides more options for prospective buyers but demand remains firm. Negotiating leverage will be influenced by the ongoing pace of transactions and the specific characteristics of individual properties within this expanding supply environment.

Luxury Segment

The average listing price in this market has declined by 2.1% year-over-year, outpacing the slight median price increase. Median price per square foot also decreased by 1.6% year-over-year, signaling some price discipline at potentially higher tiers. This suggests a nuanced performance where higher-priced segments may be experiencing some softening compared to the broader market.

Supply Dynamics

330 active listings represent the current floor, with new supply arriving at roughly 190 per month.

Pricing Pressure
17.2%

of active listings carry a price reduction, +0.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.6% year-over-year.

Absorption
0.62

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Ottawa, IL? Inventory is up 18% from last year.

Demand in Ottawa, IL is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
62%
Median Days on Market
47 days
Inventory YoY
+18%

Demand is strong in Ottawa, IL. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Ottawa, IL
CBSA Code
36837
State
IL

ZIPs in Ottawa, IL

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Ottawa?+

    As of the latest 2026 data, the Ottawa metro is classified as Accelerated. Pending ratio is 0.62 with median days on market at 47.

  • Are home prices dropping in Ottawa?+

    Median listing price is $221K, +0.2% year over year. 17.2% of active listings carry a price reduction.

  • How fast are homes selling in Ottawa?+

    The typical listing sits 47 days on market, a -1.1% change YoY. New listings are arriving at 190 per month.

  • What's happening in the Ottawa luxury market?+

    The average listing price in this market has declined by 2.1% year-over-year, outpacing the slight median price increase. Median price per square foot also decreased by 1.6% year-over-year, signaling some price discipline at potentially higher tiers. This suggests a nuanced performance where higher-priced segments may be experiencing some softening compared to the broader market.

  • Where can I find a trusted Ottawa real estate expert?+

    Primpted maintains a vetted registry of Ottawa agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 36837 · 36mo history